SPADE
ActiveSPADE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €31k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+8
Solvency75▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.03 in 2024; short-term debt: 45.3% and cash: 43.7% of total assets), but 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.7%
Return on assets
6.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
44 d early
2023
26 d late
2022
28 d early
2021
80 d late
2020
153 d late
2019
152 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▲ 1,168%
2024 · €2k
2018: €24k
2019: €17k
2020: €67k
2021: €74k
2022: €138k
2023: €-26k
2024: €2k
2018 → 2025
Working capital
€173k▼ 13.5%
2024 · €200k
2018: €48k
2019: €57k
2020: €114k
2021: €165k
2022: €171k
2023: €178k
2024: €200k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€180k-€274k▲ 52.6%€249k▼ 9.4%€241k▼ 3.1%€231k▼ 4.3%
Operating result€102k-€176k▲ 73.0%€-13k€9k€50k▲ 465%
Net result€74k-€138k▲ 86.1%€-26k€2k€31k▲ 1,168%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 465% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464k
Fixed assets
€80k▼ 14.6%
Current assets
€383k▼ 2.7%
Equity and liabilities €464k
Equity
€231k▼ 4.3%
Debt
€233k▼ 5.7%
The debt ratio falls from 50.7% to 50.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €47k
Cash flow
€67k▲
2024 · €40k
Solvency
49.7%▲
2024 · 49.3%
Current ratio
1.83▼
2024 · 2.03
Quick ratio
1.83▼
2024 · 2.03
Debt / equity
1.01▼
2024 · 1.03
ROE
13.4%▲
2024 · 1.0%
ROA
6.7%▲
2024 · 0.5%
Interest coverage
153.70▲
2024 · 119.93
Debt
€233k▼
2024 · €247k
Debt ≤ 1 year
€210k▲
2024 · €194k
Income taxes
€20k▲
2024 · €8k
Staff costs
€334k▼
2024 · €425k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€488k€464k▼
Fixed assets21/28€94k€80k▼
Intangible fixed assets21€80k€68k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€8k€8k=
Current assets29/58€394k€383k▼
Amounts receivable within one year40/41€187k€168k▼
Trade receivables40€121k€121k▼
Other amounts receivable41€66k€47k▼
Current investments50/53€8k€8k=
Cash at bank and in hand54/58€195k€203k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€488k€464k▼
Equity10/15€241k€231k▼
Contributions10/11€19k€19k=
Reserves13€64k€54k▼
Non-distributable reserves130/1€8k€8k=
Own shares acquired1312€8k€8k=
Distributable reserves133€57k€47k▼
Profit (loss) carried forward14€158k€158k=
Amounts payable17/49€247k€233k▼
Amounts payable within one year42/48€194k€210k▲
Trade debts44€70k€88k▲
Suppliers440/4€70k€88k▲
Taxes, remuneration and social security45€112k€81k▼
Taxes450/3€55k€37k▼
Remuneration and social security454/9€58k€44k▼
Other amounts payable47/48€11k€41k▲
Accrued charges and deferred income492/3€53k€23k▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€425k€334k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€36k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€1k€311▼
Gross operating margin9900€476k€421k▼
Operating profit (loss)9901€9k€50k▲
Financial income75/76B€2k€942▼
Recurring financial income75€2k€942▼
Financial charges65/66B€389€565▲
Recurring financial charges65€389€565▲
Profit (loss) for the period before taxes9903€10k€51k▲
Income taxes67/77€8k€20k▲
Profit (loss) for the period9904€2k€31k▲
Profit (loss) for the period to be appropriated9905€2k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€160k€189k▲
Profit (loss) brought forward from the previous period14P€158k€158k=
Transfer from equity791/2€10k€41k▲
Transfer to equity691/2€2k€31k▲
To other reserves6921€2k€31k▲
Profit to be distributed694/7€10k€41k▲
Return on contributions (dividend)694€10k€41k▲
Social balance
Average headcount (FTE)90878.07.0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €-26k ▼119%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €138k ▲86.1%
Operating result €176k, net result €138k, both a record.
31-12
Financial
Equity above €200kEq €274k ▲52.6%
5 profitable years in a row build equity to €274k.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
31-12
Financial
Equity above €150kEq €180k ▲48.7%
4 profitable years in a row build equity to €180k.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Equity above €100kEq €121k ▲85.5%
3 profitable years in a row build equity to €121k.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Munthofstraat 661060 Sint-Gillis (bij-Brussel)Ground area
879 m²
Building footprint
303 m²
Volume, LiDAR
5,012 m³
2 parcels, Brussels, Wallonia · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
SPADE
since 20112.200.044.132
SPADE
since 20162.254.177.357
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0092/00E007 ProtectedMonumentHuis Winssinger |
Brussels | 763 m² | 1 · 229 m² | 22.4 m · 6 fl. |
| 92094C0759/00A000 ProtectedMonument · Site or landscape |
Wallonia | 116 m² | 1 · 74 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 2,790 companies in sector 63910 we hold annual accounts for 700. 462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2011
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
59113Video and film production, excluding cinema and television films
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
73110Advertising agencies
73300Public relations and communication consultancy
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.